\*\*SECTION 1. LEASE OF AIRCRAFT\*\*.



1.1 \*\*Purchase and Lease\*\*. Subject to the terms and conditions provided in
this Lease and the other Lease Documents, Lessor agrees to purchase the
Aircraft from Supplier and to lease the Aircraft to Lessee, and Lessee agrees
to facilitate such purchase and to lease the Aircraft from Lessor. Lessor
hereby appoints Lessee as Lessor’s agent for the sole and limited purpose of
accepting delivery of the Aircraft from Supplier.



1.2 \*\*Lease Supplement\*\*. The execution by Lessee of the Lease Supplement will
evidence that the Aircraft is leased under, and is subject to all of the
terms, provisions and conditions of, this Lease and the other Lease Documents,
and shall constitute Lessee’s unconditional and irrevocable acceptance of the
Aircraft for all purposes hereof and thereof. The lease of the Aircraft to
Lessee shall commence on the Acceptance Date and end on the Expiration Date,
unless extended or earlier terminated or cancelled pursuant to this Lease.
Lessor’s agreement to purchase the Aircraft from Supplier and to lease the
Aircraft to Lessee on the Acceptance Date is subject to and conditioned upon
the satisfaction of all of the conditions precedent specified in the Closing
Terms Addendum attached to and made a part of this Lease. Lessee warrants that
as of, and at all times after the Acceptance Date, Lessor will be the legal
owner of the Aircraft, and Lessee shall have only the right to use and possess
the Aircraft in accordance with the Lease Documents, in each case, except as
otherwise expressly provided in this Lease.



\*\*SECTION 2. RENT, NET LEASE\*\*.